We are anticipating the release of High Impact News today, which is expected to significantly impact the dollar. With this in mind, I maintain an overall bullish outlook on the dollar. However, before this bullish momentum unfolds, I anticipate a series of market movements. Initially, I foresee a draw towards filling the liquidity void left by yesterday's...
Using the Weekly and Daily Charts as my Mother Charts for this week's trading, I am forecasting a pullback in price. I am using ICT Concepts for my Price Action Analysis with an overlay of the Ichimoku Indicator to show Levels and Trend direction.
These are the types of setups I really like to see. several blocks of confirmation stacking up on each other. Buyside was taken as we can see on the 4H chart, we then see a break of structure to the downside after that with an imbalance formed. This imbalance, FVG, as highlighted on the chart falls in the OTE zone of the Fib. I didn't add that because I don't like...
Cause of the possible bullish run for next week: mitigation of weekly FVG (a little bit below Equilibrium at discount) Trend: Bullish as price has broke structure up (ChoCh) Stage: Expansion but expecting a retracement into either the 1hr FVG or extreme FVG that will trigger a possible long opportunity. What will cause this retracement is the mitigation of that...
The bulls are gradually building momentum. NASDAQ looks to surge price action.
I will be look to take a buy entry at the order blocks highlighted on OANDA:EURUSD
DXY is currently on a Premium Zone, depicted with a 4H FVG.
200 pips has been booked from last week's idea (see related ideas below) and the idea is still active active and TP intact.. so nearly 300 pips is expected to be reached in coming days.. so be prepared to another massive opportunity... My Position: I am currently not engaed as I am not willing to keep my position over the weekend.. so 200 pips booked, and next...